Government bond yields rise on rupee weakness

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Government bond yields rise, tracking weakness in the rupee, say dealers. Government bond yields rise, tracking weakness in the rupee, say dealers.
SummaryGovernment bond yields rise, tracking weakness in the rupee, say dealers.

Indian government bond yields rise, tracking weakness in the rupee, say dealers.

The benchmark 10-year bond yield trading 3 basis points higher at 9.10 percent, while the soon-to-be-benchmark new 10-year bond yield was up 2 basis points at 8.78 percent.

Traders say potential selling ahead of Friday auction to keep gains in check.

India to sell 150 billion rupees of bonds on Friday, including 70 billion rupees of the new 10-year paper.

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